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  • What to Do if Your Home was Burned or Destroyed in the California Wildfires

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  • Ongoing with a Thriving NAMB

    As I am thinking back to my last year as NAMB’s president, it is not a goodbye for me to inspire and mentor.  This is one true pleasure and duties that I have taken on that have filled me personally with great JOY! I don’t want this last article of mine as President to be a farewell or seeing me set off to the sunset of our organization nor service.  Just the contrary.  It gives me the unique opportunity as other past presidents and NAMB leaders to rally inspire future leaders of NAMB and State Associations.

    As I wrote two months ago, I asked the question of why we lead.  We all have our motivations whether it is true commitment to service or the true pleasure it has to lead.   Regardless, we have so many leaders that we need to nurture and inspire.

    This year has been incredible. I have personally grown as a person and thus made and connected with so many of YOU around the country.  I won’t hesitate to say that this year had its challenges.  But that is why we have so many great leaders that lead your association every day.  I am so honored to have our board of directors, committee chairs, and our paid staff.  Without any one of them, we would not have kept our association on course and thriving.  Yes thriving…we have gone beyond surviving.  It is amazing how we were able to go around the country and bring NAMB to the country.  Have one of the best Legislative Conference in terms of attendance in most recent years and content.  We have some awesome leaders that truly give of themselves.

    I was looking back at some of my writings over the last couple of years, and I found an excerpt on leadership that I wanted to emphasize for my article as NAMB’s President:

    A leader steps up in times of crisis, and is able to think and act creatively in difficult situations.

    Unlike management, leadership cannot be taught, although it may be learned and enhanced through coaching or mentoring. 

    Remember, a key difference between Managers and Leaders is Managers have subordinates, Leaders have followers

    Just because you have a title to manager does not necessarily makes you a good and effective leaders.

    Management is doing things right!

    Leadership is doing the right things!

    You as a leader must model the way and inspire to follow the vision. And above all encourage the heart. Pay attention to what is happening in the hearts of others (what are others passionate about/care about). Show people you care and they will follow.

    “A leader takes people where they want to go.  A great leader takes people where they do not necessarily want to go, but ought to be.” – Rosalynn Carter, former First Lady

    I have have had so many great mentors within the past 15 years of service to associations and will absolute make sure I pay it forward.  With that said, I am asking all state and national leaders to do the same.  As a state or national president, it cannot be a race to the finish line to become and past-(fill in the blank).  We have all accumulated so much wisdom and we need to pass this on to the next generation of leaders.   Just read NAMB’s mission and most of our State Association’s mission statements; it is to advocate and educate.  What better way for us as our going heads, but to do just that.

    And I cannot without fail without leaving you with the excerpt from Theodore Roosevelt’s speech “The Man in the Arena”… The credit belongs to the man who is actually in the arena… who spends himself in a worthy cause…so that his place shall never be with those cold and timid souls who neither know victory nor defeat.


    Thank you and Namaste’

    Fred Kreger, CMC


    Fred Kreger is the Vice President of Enterprise Retail Production at American Pacific Mortgage.  He is currently the President for NAMB, the Association of Mortgage Professionals and Past President for the California Association of Mortgage Professionals (CAMP) and He can be contacted at fred.kreger@apmortgage.com or (661) 400-8905.

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  • Swapping student loan debt for mortgage debt in this week’s Markets in a Minute!



    For the Week Ending October 6, 2017


    The Stock Market and the Fed:

    Despite the daily commentary on virtually every business news platform that the stock market might be overheated, the indices just keep rising. Once again, this week the Dow Jones Industrial Average is already up 346 points though the end of the Thursday’s trading. The bottom line is that the fundamentals of economic business remain strong, and the labor market is not showing any sign of weakness.


    Mortgage Rates and Applications:

    Mortgage rates continue to remain very attractive despite moving a few ticks higher during the week ending September 29th. Volume on both mortgage purchases and refinancing barely moved. According to the Mortgage Bankers Association of America applications for purchases increased 1.0 percent while refinancing declined by 2.0 percent. For the week, loan volume is split down the middle between purchase and refi with both areas representing 50% of mortgage financing. The purchase loan volume is still below where it was expected to be. Many experts attribute the lackluster numbers to the hurricane damage in Texas, Florida, and Puerto Rico.


    Construction Spending

    Following this latest report for August, it is almost impossible to get a read on which direction new construction is going. The latest report for August shows an increase of 0.5 percent. However, July’s report was adjusted to show a decline of 1.2 percent, whereas the initial report showed a drop of only 0.6 percent for the month. It is not uncommon to have adjustments made to initial figures that are released. However, the larger than expected downward adjustment to July’s data caught many analysts by surprise. The good news in the report is that construction spending on residential real estate increased 0.4 percent, and even in July after the adjustment, the sector rose 0.2 percent.


    First Time Jobless Claims & The ADP Employment Report

    The hurricanes have had an impact on employment, however apparently not anywhere near as much as anticipated. The latest figures from ADP show that the private sector added 135,000 jobs to their payrolls. This figure is very close to analyst’s expectations for the report. First time jobless claims continue to remain well below the psychologically critical level of 300,000. For the week ending September 30th, claims declined by 12,000 down to a very low level of 260,000.


    Next week’s potential market moving reports are:

    • Monday October 9th – Columbus Day Holiday, Banks Closed, Markets Open
    • Tuesday October 10th – Small Business Optimism Index
    • Wednesday October 11th – MBA Mortgage Applications, JOLTS Report
    • Thursday October 12th – First Time Jobless Claims, Producer Pric

    e Index
    • Friday October 13th – Consumer Price Index, Retail Sales


    As your mortgage and real estate professional, I am happy to assist you with any information you may need regarding mortgage or real estate trends. I welcome the opportunity to serve you in any way
    I possibly can.


    Please enjoy this quick update on what happened this week in the housing and financial markets.



    Stock markets are once again hitting record highs, as traders’ appetite for risk increases. Strong equity markets can slow down improvements in mortgage rates.
    Anticipated tax cuts are one of the drivers for improved equity markets. Corporate tax cuts are expected to help spur the economy, increasing rates.
    Despite continued impact from Hurricanes Harvey and Irma, jobless claims fell this week. A strong labor market could support a Fed rate hike in December.


    Kitchen renovations are among the top remodeling projects most likely to add value to a home at resale. Homeowners generally recover up to 57% of the cost.
    Mortgage applications for purchases were slightly higher last week, up about 1%. That’s nearly 5% higher than a year ago, despite a shortage of inventory.
    A national homebuilder is offering a program to pay student loan debt for homebuyers. The program pays up to $13,000 and up to 3% of the home price.

    I told my girlfriend she drew her eyebrows too high. She seemed surprised.


    Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These
    rate trends can differ from our own and are subject to change at any time.



    American Family Funding
    Certified Mortgage Consultant
    NLMS # 1850 / 214640 BRE# 01215943 / 01371184
    (661) 505-4311
    28368 Constellation Road
    Suite 398
    Santa Clarita, CA



    ©2017 American Pacific Mortgage Corporation. All information contained herein is for informational purposes only and, while every effort has been made to insure accuracy, no guarantee is expressed or implied. Any programs shown
    do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products
    may not be available in all states and restrictions apply. Licensed by the Department of Business Oversight under the CRMLA.




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  • Las Vegas and NAMB National 2017

    NAMB is shocked and saddened by the tragic events that took place in Las Vegas this past weekend. We stand with the rest of the nation as we send our thoughts and prayers to the survivors, families of the victims, and individuals who live and work in the Las Vegas area.

    We at NAMB feel a particular connection to Las Vegas, which has been home to NAMB National, our annual conference, for the past 15 years. This year, our event is being held at the Rio Las Vegas on October 14-16, 2017 and we’re especially proud to be supporting the Las Vegas community during their time of need.

    We look forward to seeing you at NAMB National 2017, not only to participate in what has become originators’ must-attend event of the year, but also to join together in supporting Las Vegas in its recovery and helping to restore a sense of normalcy to this wonderful and iconic American city.

    Please rest assured that we have taken additional security precautions and are working closely with venue management to assure the highest degree of security for our attendees.

    Thank you for your continued support. We look forward to seeing you in Las Vegas.


    Fred Kreger, CMC

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  • NAMB Rebrands to Better Reflect the Professional Diversity of Its Member Base

    Sent Date: 10/02/17

    NAMB Rebrands to Better Reflect the Professional Diversity of Its Member Base
    Organization represents individual loan originators and small to mid-size mortgage businesses—not just brokers  

    WASHINGTON, DC Oct. 2, 2017 — NAMB, an association that represents the interests of individual mortgage loan originators and small to mid-size mortgage businesses, today announced a rebranding that includes a new logo and marketing campaign. NAMB’s new brand identity emphasizes the diversity of its member base, which includes individual loan originators and small and midsize mortgage origination businesses of all kinds—brokers, bankers and correspondent lenders.

    NAMB’s new logo depicts incorporates a graphic of a house divided into five segments, which represent the five regions of the country that align with NAMB’s bylaws and member representation. Its marketing campaign reinforces NAMB’s emphasis on each member’s individuality and freedom to define its own  business and focus.

    “A lot of people don’t realize that NAMB is not limited to brokers,” said Fred Kreger, president of NAMB. “NAMB is an association for all state licensed and registered mortgage loan originators—as well as the small to midsize businesses that originate mortgages. This rebranding reflects the diversity of our member base.”

    NAMB was established in 1973 as  the National Association of Mortgage Brokers, and later changed its name to NAMB—the National Association of Mortgage Professionals before this rebrand shortened the organization’s name to simply NAMB.

    NAMB is the largest mortgage-related individual member-based organization in the U.S.


    NAMB has been representing the interests of small mortgage businesses, mortgage loan originators and their clients since 1973. The organization represents loan originators in all 50 states and the District of Columbia, and supports its members through initiatives and opportunities that help increase productivity and lower business costs, such as education, training and advocacy. NAMB offers rigorous certification programs that support the highest levels of professional knowledge and education. Its lobbying and advocacy efforts focus on national and state issues. For more information, visit namb.org or follow on twitter @NAMBpros.

    Jeri Yoshida
    Yosh Communications
    310 651 0057

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